Trade – Investment

Vietnam has carried out 23 agricultural projects using official development assistance (ODA) worth over USD1.96 billion, said an official.

The State Treasury of Vietnam raised over VND11.1 trillion (USD482 million) through 13 government bond auctions in June, down 6.7 percent month-on-month, according to the Hanoi Stock Exchange.

Export and import turnover totaled USD245.48 billion in the first half of the year, the highest rate in the first six months to date, according to General Statistics Office.

The Government should enhance macro-economy stability to strengthen the national economy when risks are yet to appear, said members of the National Financial and Monetary Policy Advisory Council at a meeting on July 2nd.

Leading Japanese corporations on July 1st signed Memorandum of Understanding (MoU) with Hanoi to invest a total of close to USD4 billion in projects in the capital city.

The signing of the EU - Vietnam Free Trade Agreement (EVFTA) and the EU - Vietnam Investment Protection Agreement (EVIPA) after years of negotiations will create new driving forces to lift the Vietnam - EU partnership to a higher level, said Standing Deputy Foreign Minister Bui Thanh Son.

The EU-Vietnam Free Trade Agreement (EVFTA) is expected to put pressure on Vietnamese enterprises to increase their competitiveness in order to make inroads into the European market.

The government will create favourable conditions for businesses to access opportunities created by the EU-Vietnam FTA, Minister of Industry and Trade Tran Tuan Anh said at a press conference after the signing of the EVFTA.

The EU – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA) were officially signed in Hanoi on June 30th afternoon, in the witness of Prime Minister Nguyen Xuan Phuc, Vietnamese National Assembly and Government leaders, and leaders of the European Union (EU).

Vietnam had nearly 67,000 enterprises registered for new establishment in the first half of the year, the highest number of newly-established enterprises over the past five years, according to the Ministry of Planning and Investment.

The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) will help to improve Vietnam’s position in the global economy, an expert from the Australian National University (ANU) has said.

Many European businesses said Vietnam would be a feasible investment destination after the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Promotion Agreement (EVIPA) come into force, Helena Konig, EU chief negotiator and Deputy Director General for European Trade, said on June 28th.

The consumer price index (CPI) in the first half of 2019 increased on average 2.64 percent against the same period last year, the lowest pace recorded over the past three years, General Statistics Office (GSO) General Director Nguyen Bich Lam announced on June 28th.

Vietnamese firms invested nearly USD200 million in foreign markets in the first half of 2019, reported the Ministry of Investment and Planning’s Foreign Investment Agency (FIA).

Vietnam and Norway hold potential of trading goods via electronic platform, experts said at a seminar held by the Ho Chi Minh City chapter of Vietnam Chamber of Commerce and Industry (VCCI) and Trading Foe company on June 28th.

Vietnam lured USD18.47 billion of newly-registered and added capital, capital contributions and share purchases of foreign investors in the first half of 2019, 90.8% of the same period last year, reported the Ministry of Planning and Investment’s Foreign Investment Agency.

From January 1st to May 15th this year, tra fish exports to the EU reached USD105.2 million, up 31.5% from the same period of 2018, according to statistics of the Vietnam Association of Seafood Exporters and Producers (VASEP).

The Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has been granted operating license by the New York State Department of Financial Services to open a representative office in New York.

Vietnam’s gross domestic product (GDP) expanded 6.76 percent, fueled by stable macro-economy, impressive rice exports, declining unemployment rate, and robust economic production, Director General of the General Statistics Office (GSO) Nguyen Bich Lam said at a press conference on June 28th.

The Vietnam-Laos trade fair (VIETLAO EXPO 2019) kicked off at the Lao International Trade Exhibition and Convention Centre (Lao-ITECC) in Vientiane on June 27th.

Vietnam will play an important role in the US’ Indo-Pacific Strategy, and energy will be a factor promoting the bilateral cooperation.

A Vietnamese trade promotion delegation that includes 22 local businesses from five localities is visiting South Africa from June 21st – 29th, seeking partnerships and export opportunities.

The European Council announced on June 25th that it has approved the European Union – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA), and assigned the EU to sign the deals with Vietnam on June 30th in Hanoi.

(CPV) - LOTTE Finance Vietnam Co., Ltd (LOTTE Finance) on June 25th, 2019 makes its debut in Vietnam, showing a long term investment commitment in the nation as well as bring more wealth and values to interested parties.

The Vietnam - Laos and Laos - Vietnam Cooperation Committees as well as the Vietnamese and Lao Ministries of Planning and Investment have agreed to promote cooperation by making more favourable conditions and enhancing links.

Prime Minister Nguyen Xuan Phuc has welcomed major groups of Thailand such as Thaibev, Amata and Siam Cement Group to make big investment in Vietnam.

Local gold prices hit a two-year high on June 21st as the global market continued to heat up.

Visiting Deputy Prime Minister Vuong Dinh Hue and host Prime Minister of the Republic of Korea Lee Nak-yeon on June 21st agreed to try to lift two-way trade to USD100 billion by 2020 from USD65 billion in 2018, together with reducing Vietnam’s trade deficit.

A seminar to promote investment in the northern province of Vinh Phuc took place in the Republic of Korea (RoK)’s Kyeonggi province on June 20th.

Vietnam continues to be a destination for German businesses’ investment with the high expectation of middle-term economic development when up to 55% of German businesses say they plan to increase investment capital in Vietnam, higher than the rate of 44% in the Southeast Asia.